Option Strategies: .SPX, META& QQQ
1.
$S&P 500(.SPX)$ TRADE PLAN π π
SPX bullish plan: SPX above 6849 | SPX Dec 3 6900C π
T: 6900, 6921 SL 6880
SPX bearish plan: SPX under 6776 | SPX Dec 3 6725P π
T: 6727, 6700 SL 6800
SPX moved from 6521 to 6850 the past week.
SPX above 6849 can test 6880, 6900 next.
Calls can work above 6849 this week.
If SPX closes above 6921 we will see a fast move to 7000 next.
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2.
$Meta Platforms, Inc.(META)$ Trade Idea: Dec 5 655C
Trigger: 646 β
Targets: 653, 662 π―
Stop: 638 π
META moved from 581 to 648 the past week.
META broke out above 638 on Friday and closed at the highs.
META to 662 in play this week.
Calls can work above 646.
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3.
$Invesco QQQ(QQQ)$ Trade Idea: Dec 3 621C
Trigger: 618 β
Targets: 621, 624 π―
Stop: 614 π
QQQ moved from 580 to 619 the past week.
QQQ above 618 can test 624 - 627 next.
Calls can work above 618 this week.
Weβve seen a big run in QQQ in a few days so we can see a back test near 613 - 614 at some point this week.
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4.
TRADE PLAN for Dec 1st π
$S&P 500(.SPX)$ bigger gap down this morning, SPX if it can defend 6800 we can see a move back through 6849 by Wednesday. I'd avoid calls if we see SPX fail to hold 6800 today. SPX to 6764 possible if it breaks 6800.
$Invesco QQQ(QQQ)$ 613 is the Oct 10th high, if it can defend this level over the next 2 days.. 619-623 in play again this week. Calls can work above 613.
$Meta Platforms, Inc.(META)$ down 9 premarket, 638 important level to hold to set up for 662 this week. Calls can work above 638. Avoid calls if META can't close above 638 on a daily candle.
Good luck today everyone!! π«‘
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